DOCUMENT

POL - Insurance Requirements - City of Altamonte Springs 2004

  • YEAR CREATED: 2004
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: POL - Policies/Procedures
This document is titled "Insurance Requirements" and is dated February 26, 2004. It provides information about the insurance requirements for contractors working for the City of Altamonte Springs. The document is divided into three sections based on the range of quotes: Verbal Quotes ranging from $1000 to under $7500, Written/Fax Quotes ranging from $7500 to under $25000, and Formal Solicitations of $25000 and over. For Verbal Quotes, the required insurance coverage includes Commercial General Liability with a $500,000 General Aggregate, $500,000 Products and Completed Operations Aggregate, $500,000 Personal and Advertising Injury, and $500,000 Each Occurrence. The City of Altamonte Springs must be named as an Additional Insured. Auto Liability coverage of $500,000 Combined Single Limit is also required. Workers' Compensation coverage must meet statutory limits of $100,000 each accident, $500,000 disease, and $100,000 each employee. Contractors may exclude themselves from Workers' Compensation coverage but must provide a valid Exclusion Form. For Written/Fax Quotes, the insurance requirements are higher. The Commercial General Liability coverage includes a $1,000,000 General Aggregate, $1,000,000 Products and Completed Operations Aggregate, $1,000,000 Personal and Advertising Injury, and $1,000,000 Each Occurrence. The City of Altamonte Springs must be named as an Additional Insured. Auto Liability coverage of $1,000,000 Combined Single Limit is required. Workers' Compensation coverage must meet the same statutory limits as for Verbal Quotes. For Formal Solicitations of $25000 and over, the insurance requirements are the same as for Written/Fax Quotes, but it is mentioned that the Risk Management department will review and adjust the requirements as needed. Additionally, it is stated that Professional Engineering Services will require Professional Liability Insurance and General Liability in addition to the specified limits outlined above. There is also a mention of a Builders' Risk Installation Floater, which is relevant only for the Risk Manager. The document is signed and revised on February 16, 2004.
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